Jumped in too early, and with a bit too much size, because I tried using PM trend break. Was able to get one partial exit off before being stopped out, as UAL hadn't yet hit it's bottom. I jumped the gun because I was worried about missing the trade as I did the other day, when every stock I was watching launched out of the first 3min candle. After a couple more entry attempts, finally nailed the rebound, but by then had accrued too many losses, and barely broke even. Had I started with smaller size, I would have been able to size up appropriately, and turn this into a winner. More importantly, I need a better process to help avoid getting in too early. Thinking I need a rule of waiting at least three 3min candles before taking this setup.
Calmed myself down, and stayed focus on seeing this trade through to breakeven.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-17 09:31:10 | UAL | buy | $39.488 | long |
2020-06-17 09:33:11 | UAL | sell | $39.740 | long |
2020-06-17 09:33:11 | UAL | sell | $39.740 | long |
2020-06-17 09:40:04 | UAL | sell | $38.680 | 0 |
2020-06-17 09:43:48 | UAL | buy | $39.385 | long |
2020-06-17 10:25:01 | UAL | sell | $38.480 | 0 |
2020-06-17 10:26:15 | UAL | buy | $38.600 | long |
2020-06-17 10:26:18 | UAL | buy | $38.582 | long |
2020-06-17 10:28:54 | UAL | sell | $38.230 | long |
2020-06-17 10:28:54 | UAL | sell | $38.230 | 0 |
2020-06-17 10:31:17 | UAL | buy | $38.380 | long |
2020-06-17 10:31:34 | UAL | buy | $38.565 | long |
2020-06-17 10:55:15 | UAL | sell | $38.990 | long |
2020-06-17 10:55:35 | UAL | sell | $38.990 | long |
2020-06-17 10:55:35 | UAL | sell | $38.990 | long |
2020-06-17 10:55:52 | UAL | sell | $39.053 | long |
2020-06-17 10:56:03 | UAL | sell | $39.020 | 0 |
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